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Chapter 20: Problem 24

If you were going to spend time in Italy, France, and Germany, you would be paying for things with (LOI) a) lira, francs, and marks b) dollars c) euros d) gold

Short Answer

Expert verified
The correct currency used in Italy, France, and Germany is c) euros, as all three countries are members of the Eurozone and have adopted the Euro as their official currency.

Step by step solution

01

Determine the currency for Italy

Italy, before the introduction of the Euro, used the Italian Lira (LOI) as its currency. However, the Euro replaced the Lira when Italy became a member of the Eurozone.
02

Determine the currency for France

France, like Italy, was also using a different currency (French Franc) before joining the Eurozone. The Euro replaced the French Franc when France became a member of the Eurozone.
03

Determine the currency for Germany

Germany was using the Deutsche Mark as its currency before joining the Eurozone. The Euro was adopted in Germany, and the Deutsche Mark was replaced by the Euro.
04

Identify the correct option

Since all three countries, Italy, France, and Germany now use the Euro as their official currency, the correct answer is: c) euros

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